GS Construction to Launch 'Yeongtong Xi' in Suwon in March

Aerial view of Yeongtong Xi.

[Asia Economy Reporter Donghyun Choi] GS Construction announced on the 5th that it plans to launch sales of 'Yeongtong Xi' within this month in the Mangpo 5 Residential Development District in Yeongtong-dong, Suwon, Gyeonggi Province.

Yeongtong Xi consists of 7 buildings ranging from 2 basement floors to a maximum of 27 floors above ground, with a total of 653 households sized between 59 and 75㎡ (exclusive area). The units are composed of ▲375 units of 59A㎡ ▲172 units of 59B㎡ ▲106 units of 75㎡.

Within a 1km radius of the complex is Mangpo Station on the Bundang Line, allowing travel to Suwon Station in 10 minutes and to Pangyo in about 30 minutes. Additionally, various wide-area bus routes provide access to Seoul's Gangnam area within an hour, and numerous local bus lines enable quick travel within Suwon city.

Near the complex, Seocheon Station (tentative name), a stop on the Indeokwon-Dongtan double-track railway scheduled to open in 2026, is planned. Also, Banwol Station (tentative name), the starting point of the Dongtan urban tram planned to open in 2027, will be newly established. This will significantly improve the wide-area transportation network in the southwestern Gyeonggi region and access to Seoul's Gangnam area via Dongtan Station.

Yeongtong Xi is adjacent to the fully developed Suwon Yeongtong District and Dongtan New Town, allowing residents to share lifestyle facilities. Large marts such as E-Mart Traders (Suwon Sindong Branch), Big Market (Shin Yeongtong Branch), and Homeplus (Yeongtong Branch) are conveniently accessible, along with various amenities around Mangpo Station. Jamwon Elementary School, Jamwon Middle School, Mangpo Middle School, and Mangpo High School are nearby, enabling walking commutes. The Mangpo academy district, known as the Daechi-dong and Mok-dong of Suwon, is also adjacent, providing excellent educational infrastructure. Sports facilities and neighborhood parks such as the Park Ji-sung Football Center, Jamwon Park, and Mangpo Park are located near the complex, and the Mangpo Complex Sports Center is scheduled to open in 2021, offering a pleasant residential environment.

In particular, Yeongtong Xi is located near Samsung Digital City Suwon Plant, Samsung Nano City Giheung Campus, and Hwaseong Campus, making it a complex with abundant proximity to workplaces. It is expected to attract significant interest from those commuting to these sites. According to data from Real Estate 114, there are a total of 45,147 apartment units in Mangpo-dong and Yeongtong-dong, Yeongtong-gu, of which 36,055 units were built before 2010. Approximately 80% of the apartments are over 10 years old, and in Yeongtong-dong, only 351 new apartments have been supplied within the last 5 years. Furthermore, Mangpo-dong, where the complex is located, has seen few new apartment supplies since the last sale in December 2016, so demand for switching to new apartments is expected to be high.

GS Construction plans to create a Xi brand town in this area. Once Yeongtong Xi is occupied, it will form a total of 4,222 households together with Dong Suwon Xi Phase 1 (1,829 households), Dong Suwon Xi Phase 2 (816 households), and Dong Suwon Xi Phase 3 (924 households). It is expected to lead the regional value as a representative brand town of Suwon Yeongtong-gu.

Jung Kwang-rok, head of sales at GS Construction, said, "Mangpo 5 District, where Yeongtong Xi is located, already has various infrastructures in place, so its value is expected to rise further. Especially, with excellent educational environments and the revitalization of the Suwon real estate market, both local and external demand are showing great interest."

Yeongtong Xi will not operate a model house to prevent the spread of COVID-19 and to ensure the safety of buyers; instead, a cyber model house will be provided. Move-in is scheduled for August 2022.

This content was produced with the assistance of AI translation services.